dhinesh_kumar
Long

Elliott Wave analysis for 11-05-2018

NSE:NIFTY   Nifty 50 Index
Everything is explained in the chart

Comments

If we take the starting point of wave 5.1 from 10396, then the condition for wave 5.3 extension is also met.
Reply
@vivek369, I have marked 10509.7 as start of wave 5.1
Reply
This looks like an ending diagonal pattern. But here wave 3 is extended more than 161.8 % which is not the case in ending diagonal.
Reply
@vivek369, Thanks. I too had noted that, but I couldn't find another wave pattern. So far it seems ending diagonal, let's see how it goes
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out